New Brunswick pound

The pound was the currency of New Brunswick until 1860. It was divided into 20 shillings, each of 12 pence, with the dollar (initially the Spanish dollar) circulating at a value of 5/– (the Halifax rating).

New Brunswick pound
New Brunswick pound (Canadian English)
Denominations
Subunit
120shilling
1240penny
1480sou
Pluralpounds
shillingshillings
pennypence
sousous
Symbol£
shillings or /–
pennyd
Demographics
Date of introduction1841
Date of withdrawal1860
Replaced byNew Brunswick dollar
User(s) New Brunswick
Valuation
Value£1 = $4
This infobox shows the latest status before this currency was rendered obsolete.

HistoryEdit

In 1852, New Brunswick adopted the same standard for its pound as the Province of Canada was using,[1] with £1 stg. = £1.4s.4d local currency (see Canadian pound). The pound was replaced by the dollar in 1860, at a rate of 1 dollar = 5 shillings.

CoinsEdit

In addition to sterling coin and Spanish dollars, copper tokens were issued in 1834 and 1854 in denominations of ½d and 1d.

BanknotesEdit

Five chartered banks issued notes, the Bank of Fredericton (1837-1838), the Bank of New Brunswick (1820-1860), the Central Bank of New Brunswick (1847-1860), the Charlotte County Bank (1852-1859) and the Commercial Bank of New Brunswick (1837-1860). Denominations issued were 5/–, 7/– and 10/–, £1, £2, £3, £5, £10 and £25. Some of the Bank of New Brunswick and Central Bank of New Brunswick's notes also bore the denomination in dollars.

See alsoEdit

ReferencesEdit

  1. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2007-11-28. Retrieved 2007-11-24.{{cite web}}: CS1 maint: archived copy as title (link) A History of the Canadian Dollar